Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.34 | 0.31% |
| Return on Equity (%) | ▲ | 7.30% | +3.38 | 3.92% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.74 | 2.81% |
| Efficiency Ratio (%) | ▲ | 78.37% | -8.25 | 86.62% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.14 | $0 |
| Cost of Funds (%) | ▲ | 1.92% | -0.37 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $122 | -6.66 | $128 |
| Gross Loans ($M) | ▼ | $89 | -4.93 | $94 |
| Loan Growth YoY (%) | ▲ | 81.58% | +0.80 | 80.78% |
| Total Deposits ($M) | ▼ | $108 | -7.13 | $116 |
| Shareholders Equity ($M) | ▲ | $11 | +0.67 | $10 |
| Tang. Book Value ($M) | ▲ | $10 | +0.82 | $9 |
| Loan / Deposit Ratio (%) | ▲ | 81.58% | +0.80 | 80.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.05% | +0.14 | 0.92% |
| Allowance / Loans (%) | — | 0.95% | 0.02% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 1.44% | +0.19 | 1.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.79% | +2.39 | 14.40% |
Noninterest income ($0.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄██ | Net Interest Margin (%) | 2.50% | 2.53% | 2.76% | 2.81% | 2.91% | 3.00% | 3.53% | 3.55% |
| ▁▁▂▁▄▃██ | Return on Assets (%) | 0.28% | 0.32% | 0.36% | 0.31% | 0.44% | 0.40% | 0.68% | 0.65% |
| ██▆█▅▆▁▁ | Efficiency Ratio (%) | 87.3% | 86.4% | 84.4% | 86.6% | 82.5% | 84.0% | 77.3% | 78.4% |
| ██▆▅▅▄▁▁ | Cost of Funds (%) | 2.59% | 2.55% | 2.37% | 2.29% | 2.31% | 2.19% | 1.97% | 1.92% |
| ▁▁▂▇▄▅▄█ | NPA / Assets (%) | 0.46% | 0.45% | 0.58% | 0.92% | 0.73% | 0.76% | 0.68% | 1.05% |
| ▁▁▂▇▄▄▄█ | Net Charge-Off Ratio (%) | 0.60% | 0.60% | 0.77% | 1.25% | 0.99% | 1.01% | 0.93% | 1.44% |
| ▁▁▂▄▆▆██ | Tang. Book Value ($M) | $9 | $9 | $9 | $9 | $10 | $10 | $10 | $10 |
| ██▇▆▅▄▁▁ | Gross Loans ($M) | $96 | $96 | $95 | $94 | $93 | $92 | $90 | $89 |
| ▁▆▆█▅▁▂▁ | Total Deposits ($M) | $108 | $113 | $113 | $116 | $112 | $108 | $109 | $108 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 21% |